China non-performing loan ratio rises

BEIJING--Chinese banks' non-performing loan ratio rose slightly to 0.97% at the end of September from 0.96% a quarter earlier, the China Bank Regulatory Commission said on Wednesday.

Non-performing loans totalled 563.6 billion yuan ($92.5 billion) at the end of third quarter, compared with CNY539.5 billion at the end of June, according to the banking regulator.

The average capital adequacy ratio was 12.18% with the core tier-one capital adequacy ratio at 9.87% at the end of September. The capital adequacy ratio of Chinese banks stood at 12.24% at the end of June.

Beijing aims to raise the proportion of a bank's equity capital and retained profits against its risky assets--or the capital adequacy ratio--for large banks to at least 11.5% and for smaller ones to 10.5% by 2018.

China's banking regulator said last year that large banks must have a minimum capital adequacy ratio of 9.5% by the end of this year, as part of Beijing's pledge to meet stricter capital requirements under the Basel III accords. Smaller banks will need to meet the minimum capital adequacy ratio of 8.5% by the end of 2013, the regulator has said previously.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information.
All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.
Intraday data delayed at least 15 minutes or per exchange requirements.